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The end is nigh for the PubCo's http://www.morningadvertiser.co.uk/General-News/BISC-calls-for-statutory-pubco-code-of-practice
If I saw the share price drop like this - I would need to spirits too. :)
It was a demerger I think. Not sure if it was 50/50 as I don't hold but one portion stayed PUB the other became SPRT. If you owned PUB you will also have some SPRT as well.
29 Jul - was that a share split or did this get hammered Sorry don't really follow these at the moment
The Business, Innovation and Skills Committee (BISC) is to publish its report into pub companies relationships with tenants at 4.30pm on Tuesday 20 September. The fear for pubcos is the findings could recommend a statutory code of conduct. However, no details are available on the content of the report. Compliance with a Statutory CoC would inevitably lead to a reduction in GM and subsequent SP implications
Just done a quick scan of trades above and it looks like 4-1 in favour of buys. Is there something we do not know?
Does anybody know what's really happening at PUB. Loads of talk of really cheap shares but 20 million sold in 2 days does not look good. Any future or are they really going to the wall,please help!!
just read our local paper and punch tavern owned pub( the hope) is closing for good is this the start of there sell off,s
does any body really take on board what these and other brokers say.just have a look at the srong recommendations the brokers has been saying about nighthawk energy as a buy for years and yet the share price as been going down for years,thy talk total *******s.
My problem is that any company that sells off its main asset i.e land or buildings it ALWAYS Struggle, woolworth that god forsaken healthcare company etc IMO,The only pepole who get anything out of this are the ones who organise the selloff,a good frien of mine has mention randgold researh @£64.02 at time told "devils tread"
Panmure Gordon maintained its "hold" stance on Punch Taverns (PUB), but reduced its target price to 11p, from 19p, after revising future earnings estimates. The broker now expects full year pre-tax profits of 78 million pounds, falling to 58 million pounds in 2012, reflecting the sale of around 500 non-core pubs. Due to the current economic uncertainty and investors more interested in quality stocks, Panmure sees little opportunity for the group to outperform in the short term. Shares in Punch rose 0.5p to 10.75p.
When the demerged shares in Punch Taverns and Spirit Pub Company started to trade at the beginning of last week, both were quite perky, ending the day just ahead of where they started. The argument that splitting the pub estate into two would persuade the market to value them at more than the combined entity seemed reasonable. Punch may come good, though this is option money you should be prepared to lose. Spirit shares look cheap, but only if you think the positive self-help by management will be enough to counter any further falls in consumer spending, according to the Times.
this is the only share in my portfolio that did'nt go down today
I agree this price is low but a lot is unknown at present. The profits are mainly in the managed division which has been allocated to Spirit for the leasehold business to prosper it is quite likely that extra cash will be required to fund Pub through this transition period. This could be achieved via a rights issues or a debt to equity swap i.e. The bond hold agree to accept shares both these options would lead to a share dilution. Another option would be to accelerate the sale of the leasehold pubs. I think until the shareholder have some firm information the share price will move with the market or may drift lower but there are a lot of bargain hunters out there so who knows.
There will be a turning point soon
Can this really be shaken much lower?
Shares in Punch Taverns (PUB) were revalued from 63.55p to 13p following the de-merger and subsequent listing of its business Spirit Pub Company (SPRT) on the London Stock Exchange. Holders of Punch received shares in the new company on a one-for-one basis. Spirit will manage around 800 pubs, while Punch will become solely a leased and tenanted operator. Shares in Punch were flat at 13p, while those of Spirit closed at 55p.
is closer to punch value AF/ SP
find 26p at least cos thats the value after split --- but city or MMs r screwing it into fire sale price = slightly overdone as the demerger news for us mortals has been around since july 7
so when will we all be credited with our new shares in Spirit??
up £3 one minute then down £20 the next its a roller coaster!
SOLO looks interesting as well? Sold up there a few days ago due to boredom!
i got 15k at 12.84 got to be worth a punt at this level in my opinion
aint a scooby mate....i reckon itll be volatile for a few days yet.
as to how this will play out? just got 10K @ 12.7???????????????